Higher borrowing costs are the only reset amid uncertainty, Paul Johnson notes

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Uncertainty leads to higher borrowing costs

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Mikhail Vnuchkov

12.05.2026

Higher borrowing costs are the only reset amid uncertainty, Paul Johnson notes — Uncertainty leads to higher borrowing costs

Paul Johnson expresses concern about the economic impact of ongoing political uncertainty.

Johnson argues that the main effect of the situation has been increased borrowing costs, leaving people worse off and deepening economic worries.

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Earlier this year, Graham Harrison argued that resolving issues of wealth and regional inequality depends on first addressing economic stagnation, according to his analysis published in April. Harrison’s comments focused on the links between slow growth and persistent divides in society. The debate over how economic headwinds worsen individual circumstances continues to shape policy discussions.

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